UPMC, Pittsburgh, announced plans to create 1,900 new jobs during its current fiscal year, which ends June 30, 2012, and said it created the same number of jobs in its previous fiscal year.
UPMC plans to create 1,900 jobs
"We continue to grow and invest," UPMC Senior Vice President and CFO Robert DeMichiei said in a news release. UPMC’s financial position allows it to advance its clinical excellence, grow services and reinvest in research and innovation, he said. (Watch video interviews with DeMichiei discussing Highmark's deal to buy competitor West Penn Allegheny Health System and using technology to save money.)
The hiring news came as part of the release of UPMC’s financial results. UPMC's annual operating revenues grew by $955 million to $9 billion, while operating income rose $166 million to $406 million.
"It is important to note that UPMC's rating agency operating margin of 3.1% is below the median for our AA-rated peer group," DeMichiei said. "UPMC must continue operating efficiently and further improve our margins to meet the increasing challenges of healthcare reform, global economic pressures and anticipated declining reimbursements."
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